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India's Industrial Production Increased by 0.5 Percent Year on Year

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Core Tip: In July this year, India's industrial production increased by 0.5 percent year on year, according to government data. Industrial production in the April-July period of th

In July this year, India's industrial production increased by 0.5 percent year on year, according to government data. Industrial production in the April-July period of the current fiscal year increased by 3.3 percent year on year.

Production in India's manufacturing sector decreased by one percent in July compared to the same month of the previous year, while in the April-July period of the current fiscal year, the Indian manufacturing sector saw a 2.3 percent year-on-year rise in output.

The industrial output index in India's basic metal sector in July this year increased by 12.3 percent, while the output index for fabricated metal products, except machinery and equipment, decreased by 2.2 percent, both on year-on-year basis. Meanwhile, in the April-July period of the current fiscal year, the output index for basic metals increased by 11.6 percent, while the output index for fabricated metal products, except machinery and equipment, increased by 1.4 percent, both compared to the corresponding period of the previous financial year.

On the other hand, the output of the industry segment of motor vehicles, trailers and semi-trailers increased by 0.3 percent year on year in July and decreased by 4.4 percent in the April-July period, both compared to the corresponding period of the previous financial year.

 
Keyword: Basic Metal
 
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